Cryptocurrency Analysis and News Portal
Once Tesla accepts Bitcoin as a form of payment, it is expected to increase the demand for BTC to new heights that affects the market price directly.In an SEC filing on Monday, Tesla Inc (NASDAQ: TSLA) announced that it invested $1.5 billion in Bitcoin (BTC). The mega-tech and automobile company
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With the wild journey that is bitcoin price swings so far this year, you might have missed the accelerating rhythm of companies announcing services to support bitcoin for payments.We’re not talking about small idealistic startups, either.A week ago, on Visa’s Q1 earnings call, CEO Al Kelly said the company may
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The recent application will first go for public comments for a 30-day period and later will move towards OCC approval. Metal Pay expects a decision from the OCC within the next four months.Metal Pay, the US-based peer-to-peer crypto payments startup, has recently applied for a National Bank Charter in America.
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Centralized payment companies such as Visa, Mastercard and PayPal will need to adapt if they are to survive the potential demand for blockchain-based stablecoin payments, according to research firm Gartner.In a Thursday blog post, Gartner notes that, while new bitcoin offerings from such firms are helping to prepare the transition
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After a limited buy/sell/hold crypto trading launch that "exceeded expectations," PayPal CEO Dan Schulman said on the company's Q4 earnings call today that the payments giant is ready to double down on cryptocurrencies. “We also saw an exceptional response from our crypto launch,” said PayPal CEO Dan Schulman. “[...] The volume of
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Visa sees two classes of digital assets. New assets, like Bitcoin (BTC), are “digital gold.” Fiat-backed currencies, as well as stablecoins and central bank digital currencies, represent another class.On Thursday, US fintech giant Visa Inc (NYSE: V) released its earnings report for its Q1 in the 2021 fiscal year and
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Visa CEO Al Kelly said the payments giant is in a position to make cryptocurrencies more “safe, useful and applicable” and may add them to the company’s payments network. Speaking on the company’s fiscal first quarter 2021 earnings call, Kelly described cryptocurrencies like bitcoin as “digital gold” which are “not used
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The Stellar Development Foundation has invested in blockchain payments company Wyre to boost support for financial applications in the Stellar ecosystem.The Foundation said the $5 million Enterprise Fund investment in Wyre will introduce a variety of payment application programming interfaces (APIs) that can be used by apps on the Stellar
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The new platform was announced as part of the BIS Innovation Hub's priorities and programs for 2021. Source
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Federally regulated banks can use stablecoins to conduct payments and other activities, the Office of the Comptroller of the Currency (OCC) said Monday.The federal banking regulator published an interpretive letter addressing whether national banks and federal savings associations could participate in independent node verification networks (INVNs, otherwise known as blockchain
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